Solana Payment Volume Surges 755% as Visa, Stripe, and Western Union Go Onchain
TLDR: Solana’s TPV rose 755.3% YoY, nearly tripling the 268.24% median rate among fintech and L1 peers. Visa’s USDC pilot on Solan...
PYUSD Stablecoin Issuer PayPal Seeks State-Chartered Bank License
PayPal seeks to create an industrial loan arm called PayPal Bank with a Utah state-chartered industrial bank license.The post PYU...
Paxos Blames Internal Error for $300 Trillion PYUSD Stablecoin Mint
TLDR Paxos mistakenly minted $300 trillion worth of PYUSD stablecoins on the Ethereum blockchain. The minting error was identified...
Spark Integrates PayPal USD to Scale Liquidity and Boost Adoption
TLDR Spark and PayPal have partnered to integrate PayPal USD into SparkLend for improved liquidity. Deposits in PayPal USD have su...
PayPal and Spark Forge $1B Liquidity Reserve Deal to Boost Stablecoin Access
PayPal and Spark have announced a partnership to expand PYUSD liquidity. Spark says SparkLend deposits have surpassed $100 million...
Stable Wins PayPal Backing as PYUSD Goes Live on Stablechain
TLDR: PayPal Ventures invests in Stable, bringing PYUSD to Stablechain for faster, cheaper global transactions. Stablechain suppor...
LayerZero Opens the Floodgates: PayPal’s PYUSD0 Expands to Aptos, Tron, and Aval...
TLDR: PayPal USD (PYUSD0) expands to Aptos, Tron, Avalanche, and six other chains through LayerZero’s Stargate Hydra network. Apto...
PayPal Adds Crypto to Peer-to-Peer Payments in Major Update
TLDR: PayPal now enables cryptocurrency transfers via its app for peer-to-peer payments in the U.S. Venmo and other digital wallet...
USDC Payments Go Live for EEMEA Merchants Through Mastercard Partnership
TLDR: Mastercard and Circle expand USDC settlement for merchants and acquirers across EEMEA regions. Arab Financial Services and E...